Futagami, Koichi; Morita, Yuichi; Shibata, Akihisa - In: Scandinavian Journal of Economics 95 (1993) 4, pp. 607-25
This paper develops an endogenous growth model with productive public capital along with private capital in a spirit similar to that of R. J. Barro (1990). Since the authors' model includes two stock variables, it has transitional dynamics unlike most of the previous studies on endogenous...